West Fargo Hospitality Financing
West Fargo Hospitality, Llc, Limited Liability Company just filed form D because of $10.00 million equity and debt financing. This is a new filing. West Fargo Hospitality, Llc is expected to fundraise $10.00 million in this fundraising offer. The total private financing amount was $10.00 million. The financing form was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
West Fargo Hospitality is based in North Dakota. The company’s business is Lodging and Conventions. The SEC form was submitted by Todd Berning Vice President. The company was incorporated in 2015. The filler’s address is: 400 10Th Street Se, Minot, Nd, North Dakota, 58701. Todd Berning is the related person in the form and it has address: 400 10Th Street Se, Minot, Nd, North Dakota, 58701. Link to West Fargo Hospitality Filing: 000169004516000001.
Analysis of West Fargo Hospitality Offering
On average, firms in the Lodging and Conventions sector, sell 27.00% of the total offering amount. West Fargo Hospitality sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Lodging and Conventions industry is $693,000. The offering was 100.00% smaller than the average of $693,000. Of course this should not be interpreted as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $10000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For West Fargo Hospitality Also
The Form D signed by Todd Berning might help West Fargo Hospitality, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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